Schwab's Claude integration blocks Anthropic from retaining advisor and client data for model training, even for users without enterprise plans.
TradePMR's Scott Victoria says Robinhood Advisor Network's 25% revenue fee model better serves advisors than basis-point pricing in other RIA client referral programs.
Arca becomes the first firm to build on Altruist's Realtime Custodial API, deepening a partnership tied to its rapid tech-led growth.
RIAs weigh their options as Schwab tries courting Altruist users following Vanguard's blockbuster deal.
Venrock partner Nick Beim calls the $4.6 billion Vanguard acquisition a "home run" for the early-stage backer of Altruist.
Vanguard's deal pairs its scale with Altruist's AI-driven custody platform, aiming to widen access to financial advice nationwide.
Davis brings 29 years of RIA custody experience to Raymond James as longtime COO Michelle Sovcik plans to retire.
Formerly with Northwestern Mutual, the Civic Financial team is moving its custodial and technology stack to the challenger RIA custodian's fast-growing platform.
The wealthtech firm's Custody Command Layer taps into Goldman Sachs Custody Solutions to speed account opening for independent RIAs.
Jason Wenk says his RIA custodian is far ahead of targets as Altruist Advisors beta program draws five times more applicants than expected
While unveiling new portfolio management and direct indexing tools for RIAs, Betterment's Devon Klumb said the firm's advisor referral pilot is intended to convert retail users into RIA clients as their financial needs become more complex.
With a 25% revenue share and $250,000 client minimum, Robinhood Advisor Network pitches a mobile app-based client-to-advisor match pipeline at it plans to soon expand from 16 to 60 independent advisors.
Grimes & Company, a $6.5 billion RIA backed by Joe Duran's Rise Growth Partners, is among the firms participating in the Robinhood Advisor Network client referral program.
The indie RIA-focused custodian adds alternatives from Blackstone, KKR, and others in a fully digital workflow with no custody fees at launch
As Schwab Wealth Advisory pushes toward 30 affluent-market locations and adds hundreds of advisors, some RIAs say the custodian is increasingly competing for the same high-net-worth clients.
The Mather Group will pay Robinhood 25% of revenue from clients referred through Robinhood Advisor Network and custody those assets at TradePMR to reach young investors "who weren’t sitting in anyone’s pipeline."
The challenger RIA custodian's CEO sees more and more G2 advisors leaving aggregator-acquired firms to chase independence — and taking their organic growth with them.
Record trading activity and rising client assets drove the brokerage giant's strongest revenue quarter on record.
“We’re really excited to be serving not just prospects with this model, but also existing advisors,” said Julian Lopez, head of enterprise solutions at Schwab Advisor Services.
Relative newcomer emerges as a bona fide custodial competitor.
